REMINDER: Our user survey closes on Friday, please submit your responses here.
A highly cash generative company and a return to organic growth makes the company a very strong buy, expect a buyback with results announcement next month
The bad news is out the way imo, this share was trending downwards in anticipation to the announcement of the FCA investigation. Results on 19th March should give an indication of how much money they're setting aside...I doubt we will see low 300s or even 200s again
Can you copy and paste the bloomberg article?
Why do we think the share price is faltering towards half-year results? Do you think results will be good or bad?
Regardless of the company doing ok financially, IMO the management and CEO is shocking and does not fill me with any confidence going forward. I believe the City know this too hence the share price where it is. I will not be putting anymore money in until the management changes...
The problem here not only lies with Apollo making a bid, but if the bid is low, then another problem is the market believing Moulding would accept it which tells me the price will reflect this...down down down
I completely agree with you kernow01, something stinks about this! I expect a very positive update next month, opportunity to buy more...
If Apollo make an offer and it gets rejected by MM, what's the ruling on then coming back with another offer?
He owns the business so why would he care
Similar to others comments, I'm of the opinion that the announcement yesterday was a cover for the terrible results expected today. Do I think a bid will come in, quite possibly. Do I think Matt, who clearly states Golden share will expire in September will accept, I highly doubt it.
I really can't understand how prices are still at this level, with a guaranteed dividend of 30p per share (almost 12.5% at current levels) and a share buyback surely the downside risk is limited!
If management deliver on the expected £30m cost savings this year with the expected reduction in mid-single digit % profits , then this is a great rebound play
This in my opinion is a prime takeover target for any company - Multiple Income generating companies in the irght field with a bright future and a strong balance sheet. I look forward to the imminent Trading update.
I await in anticipation the level of share buyback, should help the share price and I'm sure with results due 30th Jan there are many catalysts due in the short-term!
Don't be so delicate. I can appreciate your attention to detail is not the best, given that post in particular I made a 30% rally within a few weeks on the back of that post about Joules. Needless to say I didn't go back in.
Have a hotel empire to run, as you were...simpleton
This is an easy share to Short.
-Previous update shed no light on the current financial situation and particularly the debt burder.
-Next financial update is March next year.
-No expectation of dividend returning.
The only thing which will keep this from falling is a buyout, which is possible given no recent director buys.
This statement explains it in black and white....
The Group's capital allocation policy aims to achieve a balance between reinvesting in the business for future growth and returns; reducing Net Debt to within our target range of 1.5x to 2.0x EBITDA; and paying a growing dividend to shareholders. As previously guided, in light of the exceptional economic circumstances and conditions attaching to our amended covenants, the Group will not be paying an interim dividend in respect of 2022. Looking ahead, reflecting the improving financial performance of the Group and the outlook for profit and cash for the year ahead, the Board intends to reinstate a dividend in respect of the full year 2022, at least 2 times covered. We anticipate paying the entire dividend in respect of FY 2022 based on, and following delivery of, the full year results; reverting to a customary split between interim and final dividends for subsequent years.
Don't expend a Dividend at all this year. In the Half-Year report it was mentioned a dividend would be re-introduced if net debt was between 1.5-2% and in yesterday's trading statement it suggested 2.5-3% by the end of the year.
Yesterday's statement was not great, too vague for my liking and not a clear indication of the current debt situation or profitability.
According to LSE, the next trading update was meant to of been today?
The H1 update is tomorrow not in September